CCP 02-26-1996 - Laserfiche WebLink

Home Browse Search

I I tYtBRUARY 16' 1996 I INSIGI-IT: Property taxes ~nnual survey shows . losers Winners, I share-the-wealth property tax fund fJomington gives up most, while South St. Paul gains most Norman Draper 12 percent. and 1'vIinnetonka lost (ribtlne SraffWriter about 11 percent. Per capita comparisons for tax-base sharing oomington is the biggest los- In the case of Bloomington, that translates to an $18.3 million Winners Losers and South St. Paul the biggest tax base contribution. ler in the latest survey of how Despite the hits, noted the re- Community % change in 1996 Community % change in 1996 owide property taxes are port, all four of those communi- (Above 9,000 pop- (Above 9,000 pop- " ed through the fiscal dispari- ties gained in tax base in 1996. ulation) NTC""with ulation) NTC""with sfund. Biggest winners included sharing sharing Ir~t which distributes South SI. Paul, with a 27 percent Andover 12.46 Arden Hills -9.58 o property tax doHars to ta.x base increase from fiscal dis- Anoka 12.45 Bloomington -13.28 '- ffiel politan area's poorer parities; North St. Paui and Co- Apple Valley 4.58 Brooklyn Center -2.95 mmunities, grew for the first lumbia Heights, with 23 percent Blaine 4.34 Burnsville -9.28 Ir four years. increases. and Champlin, 22 Brooklyn Park 5.23 Chanhassen -0.57 cording to a survey by the percent. Champlin 22.14 Chaska -7.18 ens League, the fund grew Minneapolis and SI. Paui ben- COlumbia Helglrts 22.50 Eagan -9.51 almost 8 percent, from S241 efited from fiscal disparities, with COon Rapids 9.79 Eden Prairie -11.72 Ion in tax base last year to Minneapoiis gaining about 1 per- COttage Grove 14.82 Edina -7.16 million for the 1996 tax year cent in tax base, and St. Paul Crystal 17.03 Fridley -6.92 , s payable in 1996). That in- getting a 16 percent boost. In Ham Lake 8.27 Golden Valley -8.63 ::ase retlects the rising values of terms of actual dollars, Minne- Hastings 10.71 Little Canada -2.11 Imercial and industrial prop- apolls got aimost a $3.8 million Hopkins 0.65 Maple Grove -0.25 s after severai years of de- tax base boost and St. Paul. $25.3 Inver Grove Heights 1.82 Maplewood -9.60 , and a decrease in the nuffi- .million. Lakevllle 3.07 Mendota Heights -7.06 "of court-ordered property tax Tax base is the proportion of Lh'lo lakes 12.07 Minnetonka .11.11 Ictions. property's market value used in Minneapolis 1.17 Plymouth -8.93 ommunities with relatively computing ta.xes. In the case of Mound 11.28 Rosemount -5.08 r e populations and relatively commercial and indllstrial prop- Mounds VIew 9.95 F'osevllle -8.47 'N tax bases get additional reve- erty. it represents 3 percent of the New Brighton 4.05 St. Louis Park .3.44 IS from this share-the-weaith first $100,000 of market value and New Hope 0.70 Shakopee -11.96 tegy. Communities richer in slightly less than 5 percent of the North 51. Paul 23.14 Vadnais Heights -4.11 I ustrial and commercial tax additional market value. Because Oakdale 11.90 .lses often end up losing money. of an additional step in the taxing Prior lake 8.86 I result, the fund has been a formula.' actual taxes paid are Ramsey 10.34 point with some of the met- generally somewhat higher than Richfield 13.79 ) area's wealthier communities tax capacity. Robblnsdale 19.34 - often western suburbs. The fiscal disparities act, 51. Paul 16.00 **NTC is total net tax capacity: a ~cCOrding to the Citizens passed in 1971, provides that 40 Savage 3.82 community's totavl valuation as glle s~rvey. communities such percent of a municipality's annu- Shoreview 2.90 computed for tax purposes-for , ioommgton, Shakopee, Eden al revenue increase from property South 51. Paul+ 27.03 taxes payable In 1996. This figure rairifld Minnetonka are the taxes on industrial and commer- Stillwater 1.37 includes value in tax-increment g sers this year. Bloom- cial property be pllt into a pool West Sl Paut 2.69 finance districts. Ita, id the report, sacrificed and redistributed to municipal- White Bear Lake 10.01 + South SL Paul began contnbut- lOre than 13 percent of its tax ities on the basis of their fiscal White Sear Township 4.04 ing for the first time in 1992, after Clse for fiscal disparities. Eden capacity and population. Woodbury 0.13 a change in law. lirie and Shakopee lost almost Source: Citizens League -- -- --